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Business

Small business confidence dips ahead of new customs controls coming into force

Four in 10 exporters have reported a fall in international sales since the end of the Brexit transition period, a major study has revealed. According to the tracker, four in 10 – around 41 per cent of traders – have reported a “drop off” in international sales in the three months to September 2021.

Business

Large number of businesses looking to recruit more staff

It is perhaps a sign of confidence returning to the UK economy that a significant number of British businesses believe they will be recruiting staff over the coming year.

Business

Spring Statement 2022 summary

Mr Sunak found himself addressing MPs against a background of crisis, with the residual impact of COVID, the invasion of Ukraine and the cost-of-living crisis all affecting the economy in different ways.

Business

Bank campaign launched as businesses baffled by carbon jargon

The British Business Bank has launched a campaign to alert and encourage SMEs to make the most of the commercial benefits of investing in decarbonisation.

Business

Hundreds of thousands of jobs saved by loans says report

Business

Commercial property values affected by poor ESG performance

Business

Be prepared if you decide to adopt a working from home policy

So, it seems sensible that both employers and members of staff take full advantage of any tax breaks or allowances available for those not in the office.

Business

Tax Planning

Be aware of your obligations when using subcontractors

They carry out work that the contractor can't perform, but remains responsible for, while the subcontractor provides his or her services under a contract for service.

Business

The benefits of taking on an apprentice

With the current labour shortage affecting pretty much all areas of the economy, taking on an apprentice could reap rewards for many businesses.

Business

Neglected commercial properties could be transformed by new initiative

Hundreds of neglected commercial properties could be transformed by a coalition of landlords and retailers with Government support.

Business

How can tourism businesses achieve Net Zero?

Whilst the Government has outlined its plan to be Net Zero by 2050, your business should have a plan in place to lower its carbon footprint.

Business

Economy

Extended Enterprise Management Incentive valuation period to be wound down

Businesses have been reminded of a change in a share option scheme that enables companies to attract and keep key staff by rewarding them with a share of the business.

Business

Taxman reminds couples to take advantage of Marriage Allowance

Marriage Allowance allows married couples or people in civil partnerships to share their personal tax allowances if one partner earns below the Personal Allowance threshold of £12,570, and the other is a basic rate taxpayer

Business

Savers facing being taxed on interest for the first time

Rising interest rates are a worry for those with a mortgage or loan, but for savers, it means an increase in their investment as savings rates rise.

Business

Tax year basis reform: Should I change my year-end?

In the first blog of this series on tax year basis reforms, we will be discussing the new rules that will affect how unincorporated businesses are taxed from 2023/24.

Business

Tax Planning

Tax year basis reform: How does this change affect me?

Business

First lenders announced for new Recovery Loan Scheme

The first batch of lenders accredited to take part in the latest version of the Recovery Loan Scheme (RLS) has been announced.

Business

Interest rate hike puts pressure on taxpayers behind on payments

In light of the recent increase in the Bank of England’s base rate, HM Revenue & Customs (HMRC) has announced a rise in interest on both late paid tax and repayments of tax.

Business

More than 90 businesses created every hour

A new survey has revealed that 93 new businesses were created every hour across the UK in the first half of 2022.

Business

SMEs struggle as number of late payments increase

Small businesses are still struggling from the scourge of late payments, with a new survey showing a six per cent increase in the amount owed over a year ago

Business

The recipe to business success and how to deal with it

Success comes with its own unique challenges and we have several tips for you to manage growth and success in the best way possible.

Business

Struggling with your cashflow? Here are our top tips

Maintaining a healthy cashflow sometimes feels like a big headache, especially with the ongoing cost of living crisis hiking your costs.

Business

Firms involved in four-day week pilot satisfied with progress

Firms that signed up to take part in a four-day working week trial have reported the scheme is going well at the halfway point.

Business

Fiscal Statement

With a new King at the Palace and a new Prime Minister at Number 10, it was no surprise that the new Chancellor at Number 11 used his first statement to the House of Commons to signal a “new era” for fiscal policy.

Business

Why management accounts are vitally important for businesses

It may seem obvious, and the clue is in the name, but management accounting reports can provide vital insights into the performance of a business.

Business

Late payments add to the costs burden for SMEs

Small businesses, or SMEs, are the lifeblood of the country and their financial stability is a major factor in keeping the economy moving

Business

Economy

Self Assessment customers could be a target for fraudsters as deadline approaches

With the deadline for returning paper Self Assessment tax returns for the 2021 to 2022 tax year rapidly approaching, HM Revenue & Customs (HMRC) has warned taxpayers to be on the lookout for fraudsters.

Business

How you can make your payroll run smoothly

The smooth running of payroll is vital as your staff are one of the most important parts of your business

Business

Looking to grow – What are the benefits of networking? And how can your accountant help?

Communication and networking may not seem a priority for busy SMEs struggling against economic headwinds at the moment.

Business

Taxpayers urged to file Self-Assessment form online

The deadline for filing paper returns for Self-Assessment is now imminent, but the taxman is also reminding taxpayers that there are now less than 100 days left to file their returns online.

Business

Top tips for launching a successful start-up

Although many new entrepreneurs already have a clear vision of what they want to do, they may not know where to start.

Business

Avoiding obstacles with the Construction Industry Scheme

Under the Construction Industry Scheme (CIS), contractors take money from a subcontractor's payments and send it to HM Revenue and Customs (HMRC).

Business

HMRC raises interest rates on late payments from 22 November

HM Revenue & Customs (HMRC) will raise the interest rates on tax debt from 22 November following the 0.75 per cent increase in the Bank of England base rate.

Business

Number of R&D claims fall in HMRC fraud crackdown

A crackdown on suspected Research and Development (R&D) tax credits fraud by HM Revenue & Customs (HMRC) has led to a fall in claims for the first time.

Business

Accountants helping businesses make savings, says survey

Accountants are saving businesses time and money as well as easing the pressure of rising inflation, according to a new survey.

Business

Autumn Statement 2022

The message from the Chancellor, Jeremy Hunt, in the days before he rose to the despatch box in the House of Commons to deliver the Autumn Statement was clear; he would be outlining billions of pounds of tax rises and spending cuts.

Business

Be prepared for changes to Capital Gains Tax thresholds 

The Capital Gains Tax allowance (CGT) reductions announced by Chancellor Jeremy Hunt in November’s Autumn Statement could have a significant impact on investors. 

Business

The importance of cash flow for tourism businesses

With the busy Christmas period approaching, businesses operating in the hospitality and tourism sector will be dealing with increased demand.

Business

Small businesses gearing up for a bumper Christmas 

Small businesses expect to make two-thirds of their yearly revenue over the festive period. 

Business

Business goals – how should you keep track of your performance?

Business goals are vital to future success but it is equally as important to keep track of how your business is performing.

Business

Company name or trading name – what is the difference?

What’s in a name is a question often asked. Well, quite a lot actually when it comes to establishing a business.

Business

Furnished Holiday Let Tax: What do you need to know?

If your property qualifies as an FHL, it is classed as a ‘trade’ by HM Revenue & Customs (HMRC), meaning you are entitled to various tax advantages.

Business

How the cloud has made an impact on UK business 

The impact of the "cloud" cannot be overestimated and has revolutionised the way we do business in the UK and the rest of the world.

Business

What you need to know when setting up a business

There is much to consider when setting out, including funding, staffing, strategies, sales, marketing and financial forecasts.

Business

Is your business going for growth? What you need to think about

Many businesses think of growth in terms of increased sales, but it’s also important to focus on how to maintain or improve your profitability. 

Business

Don’t pay the penalty for filing late tax returns 

For those who got their 2021 to 2022 Self-Assessment wrapped up before Christmas, they can enjoy the festivities. But delay too long and miss the 31 January deadline and you risk having to pay a penalty.

Business

Tax Planning

How cloud accounting can make your business grow  

Traditionally, accounting processes were carried out using software and spreadsheets on a desktop computer. With cloud accounting, data can be accessed from any device with an internet connection anywhere in the world. 

Business

Cut business costs to avoid dipping into savings

Business

Dealing with pay and time off for the coronation  

Business

How can your business overcome cash flow issues?

Business

How Trivial Benefits can help your workforce 

Business

Why is cloud accounting technology good for your business?

Business

How to protect your business in the cost-of-living crisis

Business

How can an app stack work for my business?

Business

What you need to consider when starting up a business

Business

Five more tax avoidance schemes named by HMRC

Business

Getting started with cloud accounting

Business

How to handle an overdrawn director’s loan account

Business

Be aware of your taxation responsibilities when trading with cryptoassets

Business

Tax Planning

Industry bodies call on Government to reform Apprenticeship Levy

Business

Businesses need to be prepared for changes to business rates from April

Business

New income tax relief eligibility rules for those working from home

Business

How to navigate your first year as a business

Business

The clock is ticking to review your National Insurance record

Business

Tax Planning

What should you consider when starting your own business?

Business

How you can improve your business performance

Business

How do I grow my business internationally?

Business

Spring Budget 2023

Just a few days short of the third anniversary of the first Covid lockdown, Chancellor Jeremy Hunt rose to the Despatch Box to deliver the first full Budget to have taken place in 504 days and the first unaffected by the immediate impact of the pandemic since October 2018.

Business

Supreme Court rules roof replacement company must pay £2.5 million VAT bill

Business

Wildlife attraction loses appeal over HMRC VAT bill

Business

Thousands of construction firms suspected of pandemic loans fraud

Business

Capital allowance – Changes for plant and machinery expenditure

Business

Don’t forget about P60 forms

Business

Financial considerations of building a new brand

Business

Tips and tricks for maintaining your cash flow

Business

Making Tax Digital for Tax Self-Assessment – How it affects you

Business

Better Business Day and what it means for start-ups and SMEs

Business

What do you need to know about Capital Gains Tax?

Business

Social value strategies and the benefits for your business

Business

How to handle taxes if you are self-employed

Business

Tax Planning

Quarterly VAT return and payment deadline approaching

Business

Tax Planning

Tips for launching a seasonal business

Business

R&D tax relief rates – Have your plans adapted to the recent changes?  

Business

The benefits of outsourcing payroll in the tourism industry 

Business

The benefits of grant funding for your business

Business

What are the different types of car financing?

A range of car financing options are available for individual buyers and businesses alike.

Business

Voluntary National Insurance contributions deadline extended to April 2025

Business

Tax Planning

Hybrid company cars: What do you need to know?

Hybrid cars offer several benefits, such as lower emissions and reduced fuel consumption. But did you know hybrid cars can also provide tax incentives?

Business

The importance for businesses of avoiding tax fraud

Business

Cloud accounting – Is it the way forward for businesses?

Business

Cost management for your business – What can you do to save money?

Business

Understanding and navigating job expenses

Business

Are you aware of the Government’s Marriage Allowance?

Business

Understanding Inheritance Tax and gifts

Business

Preparing your business for a merger or acquisition 

Business

Adapting your business plan for the summer

Blog

Business

SME

Tax implications to consider for business owners when paying themselves 

Blog

Business

Late payments – why they are so damaging to small businesses and how to deal with them

Blog

Business

SME

The role of cloud accounting in modern businesses

Blog

Business

SME

Payroll considerations when expanding your business internationally

Blog

Business

SME

Navigating estate planning and Inheritance Tax: what you need to know

Blog

Business

SME

Tax

Best practices for business and personal finances

Blog

Business

SME

Cloud-powered accounting: Advancing beyond traditional cloud accounting systems

Blog

Business

Cloud

SME

Tax considerations for small business owners: Sole traders vs limited companies 

Blog

Business

SME

Tax

Crafting success: Selecting the right business framework

Blog

Business

SME

Management accounts – Why timing is everything 

Blog

Business

Five strategies for leveraging financial forecasting

Blog

Business

SME

Tax reliefs business owners can claim amidst record Corporation Tax payments

Blog

Business

Tax

New VAT changes: are you ready to move into a paperless world?  

Blog

Business

SME

Tax

Tax Planning

How the National Living Wage increase could affect businesses

Blog

Business

SME

How management accounts can help your business

Blog

Business

SME

Paper VAT registration to be abolished in latest digital move

In the latest move in their Making Tax Digital (MTD) campaign, HM Revenue & Customs (HMRC) is removing paper VAT registration from 13 November 2023.

Blog

Business

SME

Tax

VAT

Understanding loss carry-back claims

Blog

Business

SME

Tax

Everything you should know before becoming a sole trader

Blog

Business

SME

Tax

Becoming a freelancer – setting up a limited company

Blog

Business

SME

Autumn Statement 2023

Business

How does your locus of control influence entrepreneurial success?

Blog

Business

SME

National Insurance: What are the changes and how do they affect me? 

Blog

Business

Understanding Capital Gains Tax on property investments

Blog

Business

SME

Tax

An overview of Personal Tax – what do you need to know?

Blog

Business

Tax

Tax Planning

Implications for businesses amid soaring pension tax relief

Blog

Business

Tax

Tax Planning

Twelve Days of Tax Tips

Blog

Business

Tax

Tax Planning

How to keep your clients happy and grow your business 

Blog

Business

SME

Employers must be ready for upcoming changes to pay in 2024

Blog

Business

SME

Tax

Tax Planning

Allowable business expenses – simple ways to save money

Blog

Business

SME

Future-proof your SME – Follow our handy tips for 2024

Blog

Business

SME

Navigating the Capital Gains Tax annual exemption reduction – a reminder of what you need to know

Blog

Business

Tax

Here’s how you can boost your SME’s efficiency and beat rising costs in 2024

Blog

Business

SME

Management buyouts – The tax perspective

Blog

Business

SME

Tax

Attention UK Taxpayers – do you understand the 500T tax code?

Blog

Business

SME

Tax

Why should your SME produce management accounts? 

Blog

Business

SME

Making Tax Digital – Your questions, answered

Blog

Business

SME

Tax

I am hiring my first member of staff – how do I set up payroll? 

Blog

Business

SME

Higher rate taxpayer? How to prepare for the end of the tax year

Blog

Business

SME

Tax

Tax Planning

Companies House is changing – are you prepared?

Blog

Business

SME

Do you employ part-time workers? Here’s how their holiday entitlement calculation system will change 

Blog

Business

SME

Government Gateway to be replaced with single login system

Blog

Business

SME

Tax

Spring Budget 2024

Business

I’m not VAT registered; can I claim VAT back? 

Blog

Business

SME

Tax

VAT

Prepare your payroll – the upcoming changes 

Blog

Business

Compliance

SME

Funding for growing businesses – Obtaining and managing private investment

Blog

Business

Funding

Investment

SME

Tax

Can you make a negligible value claim for unquoted shares? 

Blog

Business

Tax

Plan a little, achieve a lot – Destress with effective tax planning

Blog

Business

SME

Tax

Tax Planning

Why is it so important to separate your personal and business finances?

Blog

Business

HMRC has clarified tax rules on commuting for hybrid and remote workers

Blog

Business

SME

Everything you need to know about Patent Box

Blog

Business

SME

Tax

What should you consider when starting a seasonal business?

Blog

Business

SME

Concerned about Capital Gains Tax changes? Here’s what you need to know.

Business

SME

Tax

Comparing the tax differences between Furnished Holiday Lets and furnished residential lets

Blog

Business

SME

Tax

Earning between £100,000 and £150,000? Your tax return is changing

Blog

Business

Tax

How an accountant can help to build a high-performing team

Blog

Business

SME

Is incorporation still the way to go for solid financial planning?

Blog

Business

SME

Tax

Tax Planning

What is the Flexible AI Upskilling Fund?

Blog

Business

SME

Tax

Are you optimising profit extraction from your business? 

If you’re a business owner of a limited company, it’s important that you know how to make the most of your after-tax profit to support your personal financial health – known as profit extraction.  

Blog

Business

SME

Tax

What is more suitable for scalability? In-house or outsourced accounting

Blog

Business

SME

Key factors to keep in mind before launching your business

Blog

Business

Funding

Six simple ways to cut your business costs

Blog

Business